Awaiting to sell USDCAD
I believe the selling in USDCAD is not completely over yet. While 11 June , it has registered a bullish candle move, it is nevertheless still bearish on the day chart. Comparing that with the Oil chart, we can see that it is very close to filling up the gap.
I think Oil is taking a pit stop before it continue to charge higher ,minimally filled up the gap then rise higher. On the contrary, USDCAD will likely rise up to touch the bearish trend line and reverse gear to tumble down to 1.334.
So, short term, present a buy opportunity for USDCAD (use smaller time frame for entry).
I think Oil is taking a pit stop before it continue to charge higher ,minimally filled up the gap then rise higher. On the contrary, USDCAD will likely rise up to touch the bearish trend line and reverse gear to tumble down to 1.334.
So, short term, present a buy opportunity for USDCAD (use smaller time frame for entry).
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Feragatname
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